Condominium - correct answer A form of ownership of real property that consists of individual ownership of some aspects and co-ownership in other aspects
... [Show More] of the property is known as a...?
Condominium
Tenancy in common
Cooperative
Time-share
Residential Condominium Contract - Resale - correct answer Which of the following contracts should be used when purchasing a condominium apartment...?
One to Four Family Residential Contract - Resale
Multi-family Residential Contract - Resale
Residential Condominium Contract - Resale
TREC Residential Apartment Contract - Resale
Property and condominium documents - correct answer Paragraph 2 of the Residential Condominium Contract describes which of the following...?
Parties
Notices
Financing
Property and condominium documents
All of the above - correct answer Which of the following is considered an accessory to a condominium unit...?
Window air conditioning unit
Stove
Door keys
All of the above
The parties - correct answer Paragraph 1 of the Residential Condominium Contract describes which of the following...?
The parties
Financing
Disclosures
Property and condominium documents
All of the above - correct answer Which of the following are considered improvements within a condominium unit...?
Ceiling fans
wall-to-wall carpeting
Plumbing fixtures
All of the above
6 - correct answer The buyer of a condominium may terminate the contract within ......... days of receiving the condominium's bylaws, if the buyer received the bylaws after signing the contract?
2
6
7
30
License holder disclosure - correct answer Paragraph 4 of the Residential Condominium Contract - Resale describes which of the following...?
Earnest money
The parties
Notices
License holder disclosure
15 - correct answer According to paragraph 6 of the Residential Condominium Contract - Resale, the seller is given .......days to cure any objections from the buyer?
7
10
15
30
8 - correct answer How many title notices are provided in paragraph 6D of the Residential Condominium Contract - Resale...?
2
6
8
9
Settlement and other expenses - correct answer Paragraph 12 of the Residential Condominium Contract describes which of the following...?
Settlement and other expenses
Disclosures
The parties
Title policy
The buyer - correct answer Who is responsible for paying any deposits for reserves required at closing by a condominium's association...?
The seller
The buyer
Both the buyer and seller equally
The condominium association themselves
Seller - correct answer Any special condominium assessments due and unpaid at closing will be the obligation of the...?
Seller
Buyer
Both the buyer and seller equally
Neither the buyer or seller
Farm and Ranch Contract - correct answer Agricultural properties will use which of the following promulgated contracts...?
One to Four Family Residential Contract - Resale
Residential Condominium Contract - Resale
Special Purpose Property Contract
Farm and Ranch Contract
2B1 - correct answer Farm and ranch improvements are discussed in paragraph ..........of the Farm and Ranch Contract?
2A
2B1
2C
4
All of the above - correct answer Which of the following are considered farm and ranch improvements...?
Windmills
Barns
Sheds
All of the above
All of the above - correct answer Which of the following may be considered farm and ranch accessories...?
Hunting blinds
Fuel tanks
Game feeders
All of the above
T (True) - correct answer According to the Farm and Ranch Contract, unless otherwise agreed upon in writing, the seller has the right to harvest all growing crops until delivery of possession of the property...?
T (True)
F (False)
Dollars per acre - correct answer If the sales price on a farm needs to be adjusted after the buyer reviews the survey, the sales price will be adjusted on what basis...?
Dollars per acre
Dollars per square feet
Dollars per cubic yards
Dollars per shares of stock
All of the above - correct answer Paragraph 2 of the Unimproved Property Contract lacks which of the following as compared to the One to Four Family Residential Contract - Resale...?
Improvements
Accessories
Exclusions
All of the above [Show Less]